Did you see the news that a northeast province in China is back to quarantine. Including a city of 11mns people.
We will not be able to deconfine as soon as western countries think or if we do let's be honest and say: 2-3% of our population will die in the next 12 months.
This could have worked 50 years ago but nowadays people will not accept this.
i believe this is a technical reaction that is somewhat expected. I would guess this to be fairly volatile meaning it could go up alot.
I will be looking for short opportunities when we are higher again.
This could last weeks and months. In 2008 we had bounces lasting for many weeks
btw i went short a little around 2800 S&P. Will look to add if we are truly falling over
Yup, I think it is a safe bet.
Did you see the news that a northeast province in China is back to quarantine. Including a city of 11mns people.
We will not be able to deconfine as soon as western countries think or if we do let's be honest and say: 2-3% of our population will die in the next 12 months.
This could have worked 50 years ago but nowadays people will not accept this.
Best,
@vlemon